One Factor Frequently Cited for Slow Growth in India Until

question 27

Multiple Choice

One factor frequently cited for slow growth in India until the 1990s is:

• A) reliance on the drug trade.
• B) too little government intervention in the economy.
• C) dependence of foreign capital flows.
• D) corruption among government officials.

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Definitions:

English Auction

A type of auction where the price starts low and is bid up by participants until no higher bids are made, and the highest bidder wins.

Highest Bidder

Refers to the participant in an auction who offers the largest amount of money for an item or service.

High-value Bidders

Participants in an auction who are willing and able to place significantly large bids on items or assets, reflecting their high valuation.

Low-value Bidders

describes participants in auctions or competitive bidding processes who offer relatively low prices for goods or services, possibly affecting market dynamics and pricing standards.